Sanibel Real Estate Blog: June sales info

July 25th, 2016

The June sales numbers are in for Lee County and it looks like we took a drop in actual sales but there was another uptick in prices.

WE had 1177 closed single family home sales in Lee in June and last June we saw 1342 closed sales.

There was a jump in the median price however since last June of 10%, bringing the new median sales price on single family home to $ 230,500.

If you are ready to jump into the Sanibel real estate market or just have questions about your Sanibel real estate market value, give us a call anytime at 239-849-3396 or check out our listings at www.chuckandrews.com.

Sanibel Real Estate Blog: Island Hopper Fest

July 14th, 2016

The free music festival is back and scheduled for Sept 23-25 on Captiva and Sept 30-Oct. 2 on Fort Myers Beach. The headliners were announced this week and it looks like Maren Morris (It’s My Church) will be appearing as well as Bob Dipiero( Southern Voice), Even Stevens ( I love a Rainy Night) and Frank Myers ( I Swear). Make your plans to visit one of these venues.

If the trip to Captiva has you thinking Captiva or Sanibel Real Estate, check out our website at www.chuckandrews.com, or give us a call at 239-849-3396 to discuss Sanibel Real estate.

Sanibel Real Estate Blog: the 4th of July on Sanibel

June 30th, 2016

NO shortage of activities on Sanibel Island this 4th of July! Start your day with a pancake breakfast and Sanibel Community Church, served 7:30-9:30. Then head down Periwinkle and catch the amazing 4th of July parade. What to try a road rally? Head to Timbers Restaurant and 12 and sign-up. Spend some time walking the beach (or just sitting and admiring the view) and dusk will bring fireworks on the causeway. Sanibel is the place to be in Southwest Florida this 4th!

If a visit to the island has you curious about the Sanibel real estate– check out our website at www.chuckandrews.com or give us a call to discuss Sanibel real estate anytime.

Sanibel Real Estate Blog: Florida Sales & Listings Rise

June 24th, 2016

May stats are in and the state of Florida has a good month. Closed sales of single family homes were up 4.5% over the May 2015 figure.

Meanwhile, those of you checking out Sanibel real estate will find the Lee County numbers ever so slightly down at 0.1 % lower than last year (that is one fewer home), and condo sales fell 6.2% from 662 to 661.

Median prices in our area are up 4.7% to $225,000 from the previous $215,000. Condo sales price dropped slightly from $190,000 to $185,000

Always when purchasing real estate the best thing to do is analyze your neighborhood or the neighborhood that you may be purchasing. Chuck and Kimberley can help you sort it all out. Whether purchasing Sanibel real estate or Ft. Myers real estate, we can help!

Sanibel Real Estate Blog: A Note From Chuck

June 14th, 2016

Chuck has been reviewing the  Sanibel real estate stats as of this week and he has this to say:

Compared to this time last year our closed sales are down 21%. Home sales are down 23% and condos are down 13%. Our listing inventory is up 9% since January 1 and that is partly due to the slow sales activity.

The good news is that the median sales price for both homes and condos is up 8%. With smaller inventories and good comp sales, sellers are staying closer to their asking price than previous years.

Call Chuck Andrews to review the Sanibel real estate market anytime or check out our listings at www.chuckandrews.com

 

Sanibel Real Estate Blog: RATE HIKE?

June 8th, 2016

This information reprinted from the USA TODAY: Federal Reserve Chair Janet Yellen on Monday sketched a generally positive picture of the economy and labor market, saying Friday’s dismal jobs report was “concerning,” but policymakers still plan to gradually raise interest rates.

She did not specify whether a rate hike at the Fed’s June 14-15 meeting was still feasible, but financial markets are giving less than 5 percent odds of such a move, and Yellen said nothing to alter that view. She also didn’t tip her hand on the likelihood of a July rate increase, though fed fund futures say the chances are 27 percent, down from 31 percent before the speech.

Generally, however, Yellen emphasized the labor market’s cumulative progress and voiced only measured concern about Friday’s report, which revealed that just 38,000 jobs were added in May, a nearly six-year low. The Labor Department also revised down its estimates of April employment additions to 123,000.

“Although this recent labor market report was, on balance, concerning, let me emphasize that one should never attach too much significance to any single monthly report,” Yellen said in a speech at the World Affairs Council of Philadelphia. She noted that other key labor market indicators, such as initial jobless claims, remain low.

Yellen pointed out the economy added an average 230,000 jobs a month in 2015, and the unemployment rate has fallen to 5 percent from 10 percent in 2009.

Meanwhile, she said, wage growth is picking up, the pace of job openings hit a record high in March, and the number of Americans switching jobs is near prerecession levels.

“If incoming data are consistent with labor market conditions strengthening and inflation making progress toward our 2 percent objective, as I expect, further gradual increases in the federal funds rate are likely to be appropriate,” she said.

But she didn’t provide a timetable, a retreat from her remarks in late May that a favorable economy likely would lead to a rate increase “in coming months.”

“Recent signs of a slowdown in job creation bear close watching,” she said.

“Unfortunately, as I noted earlier, new questions about the economic outlook have been raised by the recent labor market data,” Yellen said. “Is the markedly reduced pace of hiring in April and May a harbinger of a persistent slowdown in the broader economy? Or will monthly payroll gains move up toward the solid pace they maintained early this year and 2015?”

Some economists have said the Fed likely will want to see at least two solid employment reports before lifting rates.

Yellen’s mixed assessment probably means a July rate hike is still on the table but economic data “will likely need to bat a thousand for that to occur,” economist Michael Feroli of JPMorgan Chase says.

Time to buy Sanibel real estate before a possible rate hike? Check out our listings at www.chuckandrews.com or give us a call to discuss Sanibel real estate anytime!

Sanibel Real Estate Blog: April Stats

May 26th, 2016

April was another month of fewer closed sales in the Lee County housing market. IN April, there were 1216 closed single family home sales compared to 1325 last year. Condos were down as well with 699 condos sold compared to 774 last year.

Prices however, continue to rise. The median price for  a single family home in April was up to $235,000, almost 5% more than last year at this time. Condos fared even better with 10% jump over last year to $192,500.

Time to jump in the Sanibel real estate market? Check out all Sanibel real estatehttp://www.chuckandrews.com  listings at www.chuckandrews.com or give us a call to discuss the market anytime!

Sanibel Real Estate Blog: 30 Million Visitors!

May 18th, 2016

Statewide, Florida smashed its first-quarter visitor record, welcoming an estimated 29.8 million tourists in the first quarter of 2016. That’s a 4.8% increase in 2015 (the previous record).

We say, ” C’mon down!” And if a visit to the area entices you to check out Sanibel real estate: visit our website for Sanibel real estate listing or give us a call to discuss Sanibel real estateBeach anytime at 239-849-3396.

 

Sanibel Real Estate Blog: Sanibel SMASH!

May 11th, 2016

The biggest recorded sale in Sanibel Island history just happened at 3421 West Gulf Drive for $6.837  million. That tops every single-family home ever for sale on Sanibel.

This home is very unique, built in 2007 by the Wolter Group and checks in at 5534 sq. ft. Of course it is right on the Gulf of Mexico with a gorgeous infinity pool.

WE have more! If it is time for you to get in on the Sanibel real estate action, give us a call at 239-849-3396 or check out our website at www.chuckandrews.com for all of the Sanibel real estate listings.

Sanibel Real Estate Blog: Average Hurricane Season Expected

May 5th, 2016

The Colorado State University hurricane researchers are predicting a near -average season as we begin 2016 season on June 1.

They are predicting 12 named storms- of those they predict five to become hurricanes and 2 to reach major hurricane strength with sustained winds of 111 mph or greater.

They will issue updates on June 1.

Sounds like a  very unscary hurricane year coming up- maybe time to think about Sanibel real estate. Check out our listings at www.chuckandrews.com or give us a call to discuss  Sanibel real estate anytime.